Goldman, Pfizer, Cheesecake Factory, Alibaba and more
A Cheesecake Factory restaurant in Louisville, Kentucky.Andy Lyons | Getty ImagesCheck out the companies making the biggest moves midday:Goldman Sachs — The bank slid more than 2% after reporting earnings-per-share and revenue that missed Wall Street estimates Tuesday.related investing newsPfizer — Wells Fargo downgraded the pharmaceutical giant to equal weight from overweight on Monday, saying […]
Gold rises 1% on slower Fed rate-hike prospects
Hand holding gold bullion.Edgar Su | ReutersGold prices scaled an over nine-month peak on Friday, holding above the key pivot of $1,900 per ounce, as cooling U.S. inflation raised hopes for slower interest rate hikes from the Federal Reserve.Spot gold rose 1.3% to $1,920.70 per ounce, the highest since end-April 2022. The metal has risen 2.9% so far this week.related investing […]
JPMorgan Chase, Wendy’s and more
A sign is posted in front of a Wendy’s restaurant on August 10, 2022 in Petaluma, California.Justin Sullivan | Getty ImagesCheck out the companies making headlines in midday trading.JPMorgan – Shares of the biggest U.S. bank by assets rose more than 2% after the firm posted fourth-quarter profit and revenue that topped expectations. The New […]
JPMorgan, Virgin Galactic, Tesla and more
A person enters the JPMorgan Chase headquarters in New York, June 30, 2022.Andrew Kelly | ReutersCheck out the companies making the biggest moves in the premarket:JPMorgan — The bank reported fourth-quarter earnings and revenue before the bell that topped Wall Street expectations. However, it said a mild recession is now the “central case.” JPMorgan slid […]
Wells Fargo, once the No. 1 mortgage player, steps back from business
Wells Fargo is stepping back from the multitrillion-dollar market for U.S. mortgages amid regulatory pressure and the impact of higher interest rates.Instead of its previous goal of reaching as many Americans as possible, the company will now focus on home loans for existing bank and wealth management customers and borrowers in minority communities, CNBC has […]
Cognizant, American Airlines, Logitech and more
Los Angeles, CaliforniaJan. 11, 2023Flights prepare to take off at LAX on Jan. 11, 2023 after an FAA computer problem. Carolyn Cole | Los Angeles Times | Getty ImagesCheck out the companies making headlines in midday trading.Cognizant — Shares of Cognizant rose 8% after the IT company raised its fourth-quarter revenue guidance. It also named Ravi […]
Consumer prices fell 0.1% in December, in line with expectations from economists
Inflation closed out 2022 in a modest retreat, with consumer prices in December posting their biggest monthly decline since early in the pandemic, the Labor Department reported Thursday.The consumer price index, which measures the cost of a broad basket of goods and services, fell 0.1% for the month, in line with the Dow Jones estimate. […]
Stocks making biggest moves premarket: Disney, Logitech and more
In this photo illustration the Disney+ logo seen displayed on a smartphone screen.SOPA Images | LightRocket | Getty ImagesCheck out the companies making headlines in premarket trading.Disney – Disney shares added more than 1% in early morning trading after the company elected independent director Mark Parker as Chairman of the board. It also opposed activist investor […]
Bed Bath & Beyond, Tesla, Expedia and more
Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York.Mark Kauzlarich | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Meme stocks — A group of so-called meme stocks skyrocketed Wednesday as retail investors jumped into speculative trades again. Bed Bath & Beyond rallied 38% to trigger the […]
CarMax, Salesforce, Coinbase and more
Check out the companies making headlines in premarket trading.CarMax — Shares of the used car seller slid 4.8% after JPMorgan downgraded them to underweight, saying investors aren’t fully pricing in the risks surrounding the company and hope for a recovery looks “premature.” CarMax fell 53% in 2022 but has risen 18% since its disappointing quarterly […]